The following are the most recent pieces of Forex technical analysis from around the world. The Forex technical analysis below covers the various currencies on the market and the most recent trends, technical indicators, as well as resistance and support levels.
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The Australian dollar has gone back and forth during trading on Friday, initially showing signs of strength but then fell again.
The Euro initially tried to rally during the day on Friday but gave back quite a bit of the gains a turnaround and show signs of exhaustion.
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Singapore is on track to reopen its entire economy by the end of June, but limitations in the number of people permitted will remain in place.
The USD/MXN has traded with flavor the past week and been challenging for even experienced speculators.
India implemented the most extensive nationwide lockdown in the world but surged to the number four spot in global Covid-19 infection.
The USD/ARS has proven to be a one way road long term as the Argentine Peso faces sustained losses of value.
GBP/USD: British Pound weaker on 20% GDP contraction
EUR/USD: Euro is stronger than the British Pound
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Fitch Ratings downgraded South Africa’s credit rating farther into junk territory.
Brazil endured another weekend of protests, which are common since the outbreak of the Covid-19 pandemic.
Bitcoin markets continue to show signs of support underneath, although the Friday session was relatively quiet.
Silver markets have pulled back slightly during the trading session on Friday, reaching down towards the $17.50 level, an area that begins a supportive level down to the $17.25 level, possibly even as low as $17.00 underneath.
The West Texas Intermediate Crude Oil market has broken down a bit during the trading session on Friday, reaching down towards the $35 level.
The Indonesian Rupiah has accomplished a valid strong trend and seen the USD/IDR be sold consistently since the height of the IDR’s weakness in early April.